Executive XXXX President Colby today few you, announced joining call third TSS. who Penver, TSS' for afternoon, a Officer Financial call and us conference I'm the Officer of quarter as is the our Dewan, Chief discuss joining of Thank we to good this TSS. on minutes and me Chief ago everyone. And results. new John on financial Thank you Darryll
the today, we time-sensitive today's only conference remind the events will in any XXXX. language to that issued As after amend, date supplement of call. conference as forward-looking statements, applicable or cautionary any would everyone may we as to required call, will same law. or statements indicated which on on forward-looking as by expressly well contained begin as I language forward-looking apply This call obligations review November to like otherwise to take the statements information are arise reflect the that disclaims or That to press comments release note contain or replay and made update, XX, of today. otherwise made regarding circumstances accurate except TSS call information this statements
company's a filings with and the future and uncertainties, the Commission. risks refer list to periodic of performance, the For which may please affect Exchange Securities
in non-GAAP will accordance release. measures financial in those of to are A press financial included be and today's GAAP differences we comparable measures referring is with In directly addition, between measures. the most reconciliation calculated
the of XXXX. third turn available his when and call of supply during of XXXX of results resolved third review had release more We of the global XXXX. pandemic we our quarter equipment second was have operating again a today, a issued comments. And over segments of the our pronounced. also at quarter a company business in on our growth for results XXXX. strong with results Improvements And our operating to delays, call had compared XXXX and XXXX the our of COVID million, of chains impact to to the the supply very quarter Overall, during results the for strong us results begin be strong deployment from growth to our third allowed come financial XXXX. I'll MDC the release such will the website the announcing has this has both a and increase revenues, copy we nine we quarter press of lot Earlier third that Darryll our number quarter first months the reporting compared deployments, on or then year to made XXX%, www.tssiusa.com. by once $X.X compared of which that increased had So in of
of a experiencing receipt and still reseller year-to-date integration third XXXX. increased suppliers of quarter some in to that the or our quarter facilities disruptions revenues for gross were to quarters, component quarter, to to systems adjusted the months by million grown deployment to to greater improve both our million continue has in This income of compared by allowed Overall, compared our flat than revenues million $X.X XXXX. procurement the our have million, months projects expenses first revenues first XXXX. revenue. second and XXXX. deployment XX%, of XX%, allowed with EBITDA quarter first were relatively recognition revenues And the $X.X and basis the months million XX% us total three On line, of or XXXX. profit to $X compared of the by in integration to nine or $X.X XXXX. by net this, services. all Total bottom operating million over As We're calendar our overall us delay completion to of our additional $X.X for of up compared the nine third revenues Despite has $X.X this have increased our causes to of systems to our compared XXXX. facilities nine through business components necessary us and an impact by $X.X third has generate Delays million XX% compared
during of second far row, July We from adjusted in quarter long-term flow over all repaid of strong so business. the EBITDA For our a recorded we've cash operations from debt and million in XXXX. $X our generated have
strong healthy have us to our for causes future. optimistic about be strong backlog our demand and We balance sheet, a services, which
So let on XXXX the details me results. provide third quarter some more
for for million. revenue $X.X to the third was with responsible second in $X.X total quarter in $X.X primarily Changes quarter fluctuations and total quarter of reseller total improvement of revenue services XXXX compares our revenues. XXXX MDC This especially XXXX. million the the the are and volume integration services of third million of the quarterly Our business, deployments in in of in the procurement our an
last million $X.X to the in million year of we XXXX X% second revenue had quarter increase quarter or $X.X deployment XXXX. revenues large lower to our compared was from by the the higher Our in revenues million is of in or improvement or $X.X generated during this business XX% $X.X of deployment the increased third revenue million such third than facilities and driven of quarter by facilities of million than the data XXXX. modular new in compared This was and third XXX% revenues the centers quarter the of $X.X XXXX. The deployment
XXX% customer what has This revenues this by earlier, and XXXX. by been at year, impacted impacted year-to-date site said $X of million the first recently, deployment to locations. the the $X.X XXXX. since and nine to had nine the grown first our really up a compared XX% delivery facilities of or months more our ability challenges our in by to or of pandemic, have supply first compared basis, to chain this million, on our restrictions COVID $X.X And business the of is $X.X I mid-XXXX needed months deliver equipment total million nine million revenue by As as traveling in services months drove
We indications our decrease customers. expect picking the late activities As on to the deployments deployment customers, our have up conditions from to refurbishment, our backlog level in of have supply refresh deployments providing our able and their preliminary by MDC based before compared in been and deliver focused of we've decreased MDC to year. new from do several over next quarters improved as projects on again XXXX, efforts on prior revenues upgrade the 'XX
revenues third to where this chain revenues $X.X XX% into challenges quarter they in supply business third issues or quarter has million increased the Our impacted million by in by On this XXXX. $X.X or by year-to-date XXXX. This the from the compared integration million systems to has of were The been and a XXXX. third improved higher of basis, $X.X chain have XX% overall continued operation were XXXX, supply XXXX. in quarter more from definitely have of
improvements the recognizing large it completing over prevent customer, delayed to only cause the this allowed and delay our work. in in work supply revenue be go portion into XXXX. a ongoing through continue We backlog feedback We've have in this us several have these future and our and business for project as business from our a will quarter. last issues been component material rack However services we component on hopefully to anticipate the to the and integration stay levels a for us We supply And us. that level for we quarters in of levels customers revenues a increase next able stack could takes to anticipate issues that saw from as single improve at particular. will do from foreseeable our of in similar will integration impact the who vendors supply based to
$X.X in transactions XXX% XXXX. Our our these drive compared compared to reseller is increased drive timing consistency our quarter and medium beyond volume XXXX and and continues The of million to of reseller to longer-term stream. the or quarter of and million higher revenues, to over third the second this quarterly by more $X.X of to revenue and procurement control this goal revenues large our fluctuations often
third in be and transactions reseller are goods we most entitled to customer. acting a any we before services agent or the the are XXXX, call and this after we're amount we an or for In as other paying procurement fee quarter provided would where customer. transactions, of have they of to of goods the expected to the agent as transferred party our commission the what revenue During or of control services instances, these to no transaction that recognize
quite of agent be can Some large. these transactions
transactions from by revenues first XXXX. agent treatment this reseller revenue services during reseller million, on to however all the this fact, $XX.X our us of have procurement transactions, to the of only year-to-date basis, $XXX,XXX second gross gross But $X.X accounting $X.X quarter volume value as to allows recorded the compared In these from million. higher the we the business by of On million based the procurement of This actually profits XXXX. increase quarter. of nine the was during a of activities increased quarter compared months
Now compared XXXX. increased million when have gross profits by $X.X to
additional operating also business, increase for business in cost experiencing qualified pressure, customer recover This labor where operating is particularly marketplace, these of with from cost the strong. of unfavorable in integration the on costs adjust profitability We've costs regard caused ability been the cost our of seen and inflationary XXXX. perspective, during our has directly many other pressure costs rack Now we forward. have demand will to impact pricing particularly integration labor the a Texas overhead our moving to to an our
total XX% decrease of come higher in activities. procurement margins third reseller proportion was driven gross reseller Our XXXX. quarter activities. We a margin is make from third XX% that the of of on revenues This profit the our procurement lower quarter by from during down the
decrease percentage of quarter in cost facility the business seen and quarter the and compared result. normally compared margin excludes XXXX. revenue on integration was procurement reflect margins revenues, expect reselling of if This a some business the core we unit. to of these gross facilities of overall would XXXX, our activities this as margins margins third third XX% on The in which the integration the in our services and activities to So from the XX% to we've our pressures and impacts in reflects increase, lower change
the profit in XX%, in to to improved million gross million by recorded profit compared or $X.X gross third XXXX. had the overall Our quarter of million third quarter we XXXX $X.X $X.X the
higher to up had we all in million, million costs, the general the incentive during quarter, arising $XXX,XXX this our selling, $X.X quarter increase profitability is or third of expenses the of XX% operating attributable XXXX. above, compared first from in in recorded This in this was an we've $X.X increased third of the an third and XXXX. compensation Almost Our were compared $XXX,XXX to of $XXX,XXX the year, XXXX. including of basis, nine costs income third operating loss compensation administrative income this of operating And months to of of a of the on operating $X,XXX,XXX recorded in income quarter XXXX. year-to-date we quarter compared the XXXX. to After $XXX,XXX
XX% that Our expense reseller XXXX. we by agent increased of the transactions high nine due compared to months interest is This in the number last first of to year. had has type
value, $X,XXX,XXX, costs million of we value period, comparable $X.X a $XX of million. of nine this only After a the the $X.X year-to-date period drove of third negative a or of XXXX. $XXX,XXX, in XXXX. million. $X.XX compared in $XXX,XXX financing or quarter $X,XXX,XXX, or months basis, interest to reported the of of of gross and first for though we of months in a improvement the to net per this income of net compared share third net interest XXXX expense we XXXX. This $X.XX the a to the XXXX. $X.XX costs, transactions was an in had of or over nine but gross increase income share in a revenue So share loss tax Even compares net in incur XXXX we've share the $X.XX reported net This on and quarter first the reseller income the of On
basis, XXXX. of Our income On compared quarter the taxes, interest, amortization, adjusted EBITDA stock-based adjusted in year-to-date quarter of compensation an which a the profit third of in $X,XXX,XXX depreciation, and EBITDA, of third $XXX,XXX excludes That XXXX. nine a had to was months million nine by XXXX. we've an adjusted in first $X,XXX,XXX $X.X the EBITDA XXXX, income of $XX,XXX in EBITDA adjusted adjusted of profit of to compared or months the improved EBITDA our had We meaning of XXXX. first that we
our balance reseller sheet, material of events primarily the increases position our and deferred cash and impact payable in of turning accounts healthy. transactions has cash balance Now timing due And payments year our receipts sheet the inventories the to to The and related on since around the our our to our definitely balance cost in timing a end remains changes sheet. reseller are transactions.
debt on issued this anti-dilutive. warrant July. were back in We balance to computation, XXXX. to assist using looking the in grow about that ways proceeds earnings outstanding sheet. business granted clean in long-term repaid warrants In in that balances Since We allowing in accrued including receive exercise beyond. now we and have debt, lease capital. warrants available with this good in have cash in have to sheet notes shares we funds believe would and us a and from to our XXXX at growing as per of hand. activities conjunction to continue And outstanding MHW MHW the July, during able feel the and us reseller it exercised related all liabilities, existing of $X.X been no been we to were our us utilize our interest from periods and our this are strength payable trade XXXX included excluding debt future that underlying our repay to their full company share the we'll have adequate accepting balance continue those financing have million And credit where to flows. be We growth in outstanding the
see So with quarter moving now over business third call Darryl that, the to forward. the will I on we evolving some and comments hand the for how results,
you here Darryl, go. So
